ALIGNING OUR ACTIVITIES
WITH THE THE PARIS AGREEMENT OBJECTIVES
Since 2021 all EIF's new activities are Paris-aligned. What does that mean in practical terms?
RESTRICTED AND EXCLUDED SECTORS
The EIB Group Paris Alignment framework was put in place within the Climate Bank Roadmap (CBR), restricting certain financing activities in sectors such as fossil-fuel based energy production, coal mining, oil and natural gas exploration, production, refining, transportation, distribution and storage, as well as energy-intensive and high CO2 emitting sectors and transport vehicles.
COUNTERPARTIES DISCLOSURES:
We also adopted the PATH framework, whereby we request all significant counterparties to disclose in line with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations. This allows the EIF to situate the investment within the context of counterparties’ wider corporate activities and their impact on the environment providing for a more holistic approach to our operations.
BROADENING THE SCOPE OF OUR CLIMATE AND SUSTAINABILITY PRODUCTS
EIF proactively promotes climate and environmental objectives and aims at improving financing conditions for final beneficiaries, as required by its mandators:
- InvestEU resources attracting additional investments through guarantee and equity instruments.
- REPowerEU where the EIF’s contribution is supporting investments in sustainable energy, energy efficiency and Greentech innovation.
- REPowerEU+ investments channelled through RCR into VC and PE funds.
- Climate & Infrastructure Funds contributing to the climate action and sustainability through new mandates.
- Greentech compartment within the Sustainable Development Umbrella Fund (SDUF) to support the European environmental impact-driven start-ups and scale-ups.
MORE THAN JUST FINANCE
We go beyond providing financing, leading the way in the EU industry:
OUR GREEN GUIDEBOOK
EU level initiatives
Corporate sustainability reporting
